REG - Minoan Group PLC - Greek Media Reports Dismissal of Appeals <Origin Href="QuoteRef">MIN.L</Origin>

MinoanAnnouncement

24/03/2017 08:25

RNS Number : 4372A
Minoan Group PLC
24 March 2017
 
24 March 2017
MINOAN GROUP PLC
("Minoan" or the "Company")
Greek Media Reports Dismissal of Appeals against Presidential Decree 
Minoan notes reports in the Greek Media stating that the appeals against the Presidential Decree ("PD") granting land use approval, for its Project in Crete have been rejected by the Greek Supreme Court. Minoan has not yet seen an announcement from the Greek Supreme Court and will update the market once one is issued.
Christopher Egleton, Minoan Chairman, commented:
"The issuance of the PD in March last year was described as a "transformational event". The appeals against it were clearly disappointing and frustrating and, as such, presuming the reports in the Greek press are correct, this will be transformational news for the company. Again, presuming the reports are correct, it signals the successful culmination of many years of effort by the Company and its advisors."
For further information please visit www.minoangroup.comor contact: 
Minoan Group Plc

Christopher Egleton 
christopher.egleton@minoangroup.com
Duncan Wilson
0141 226 2930
Bill Cole
020 8253 4305


WH Ireland Limited
020 7220 1666
Adrian Hadden/Nick Prowting



Throgmorton Street Capital
020 7071 0808
Forbes Cutler



Morgan Rossiter 
020 3195 3240
Richard Morgan Evans/James Rossiter

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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